Readying for Europe's earnings season – 'it's all about guidance'
And even that needs a bit of help…
By Alex Lennane
DP-DHL enjoyed a strong third quarter on the back of surging e-commerce volumes, and looks set for a better full-year performance than in 2019.
Revenues in Q3 grew 4.4% year on year, to €16.2bn ($1.65bn), while ebit increased 50% to €1.4bn, and the group now anticipates ebit of €4.1bn to €4.4bn for 2020, against last year’s €4.1bn.
Free cash flow increased by more than €750m to some €1.3bn, and the group has raised its forecasts to more than €2bn.
However, 2022 guidance remains ...
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